Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices.

PetroVietnam Power Corporation (PV Power) reported a post-tax profit of VND720 billion (over US$31.2 million) in the first quarter of 2021, surpassing the quarterly plan by 6%.

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.

Many Vietnamese exporters have seen a sudden increase in profits during the COVID-19 pandemic.

Last year was a stormy one for Vietnam’s businesses, but billionaires still were able to pocket billions of dollars.

As a bear market for rubber is anticipated in 2021, Vietnamese rubber companies have edged down their profit targets for the year.

Bamboo Airways has announced the addition of VND3.5 trillion to its charter capital, bringing the total amount to VND10.5 trillion (US$457.3 million).

The Vietnam Dairy Products JSC – Vinamilk (VNM), the largest dairy company in Vietnam, posted a gain in revenue and profit in the fourth quarter of last year and the whole of 2020 despite disruptions due to COVID-19.

Vietnam Airlines lost VND11,098 billion (over US$481 million) in 2020 due to the impact of the COVID-19 pandemic, according to its recently-released financial report.

Although the aviation industry was ravaged by the COVID-19 pandemic, logistics companies at airports still maintained operations.